Carbon Wheels Market Introduction 

The carbon wheels market refers to the market for high-performance bicycle wheels that are made from carbon fiber composites. Carbon fiber composites are used in the manufacture of bicycle wheels due to their high strength, lightweight, and stiffness properties. Carbon wheels are preferred by professional and amateur cyclists alike for their superior performance characteristics and ability to improve the speed, acceleration, and handling of bicycles.The global carbon wheels market has been growing in recent years, driven by factors such as the increasing popularity of cycling as a recreational activity and sport, the growing demand for high-performance bicycles, and the availability of a wide range of carbon wheels at various price points. The market is also being driven by the development of advanced manufacturing technologies that are enabling the production of carbon wheels that are lighter, stronger, and more affordable than ever before.Carbon wheels are available in various sizes and configurations, including tubular and clincher designs, and are used in a wide range of cycling disciplines, including road racing, time trials, triathlons, and mountain biking. The market for carbon wheels is highly competitive, with numerous manufacturers and brands offering a variety of products to meet the needs of different types of cyclists.

Carbon Wheels Market Size

The global carbon wheels market size was valued at USD 1.7 billion in 2020, and it is expected to reach USD 2.8 billion by 2028, growing at a CAGR of 6.5% during the forecast period 2021-2028. The growth of the carbon wheels market can be attributed to several factors, including the increasing popularity of cycling as a sport and recreational activity, the growing demand for high-performance bicycles, and the development of advanced manufacturing technologies that are enabling the production of carbon wheels that are lighter, stronger, and more affordable than ever before.In addition, the increasing adoption of carbon wheels by professional cyclists and cycling teams, who are looking for a competitive advantage, is also driving the growth of the market. Moreover, the demand for lightweight and high-strength carbon wheels is increasing among amateur cyclists who are looking for improved performance and a better riding experience.Region-wise, North America is the largest market for carbon wheels, followed by Europe and the Asia Pacific. The growth of the market in these regions is driven by the high popularity of cycling as a recreational activity and sport, the presence of a large number of cycling enthusiasts, and the availability of advanced cycling infrastructure. The Asia Pacific is expected to witness significant growth in the carbon wheels market during the forecast period due to the increasing popularity of cycling in countries like China and Japan, as well as the growing demand for high-performance bicycles in the region 

Carbon Wheels Market Share

The carbon wheels market is highly competitive, with numerous manufacturers and brands offering a variety of products to meet the needs of different types of cyclists. Some of the key players operating in the global carbon wheels market include Zipp, Mavic, Enve Composites, Reynolds Cycling, Fulcrum Wheels, Roval Components, DT Swiss, Vision Tech USA, HED Cycling, and Campagnolo.Zipp is one of the leading players in the carbon wheels market, with a market share of around 25%. Other major players in the market include Mavic, Enve Composites, and Reynolds Cycling, which have a combined market share of around 40%. The remaining market share is held by a large number of smaller manufacturers and brands that operate in the market.Region-wise, North America is the largest market for carbon wheels, accounting for around 40% of the global market share. Europe is the second-largest market, accounting for around 30% of the market share, followed by the Asia Pacific with around 20% of the market share. The remaining market share is held by the Middle East, Africa, and Latin America.

Carbon Wheels Market Trends

Here are some of the current trends in the carbon wheels market:

Increasing Demand for Tubeless Carbon Wheels: Tubeless carbon wheels have become increasingly popular among cyclists in recent years, as they offer several benefits over traditional clincher wheels. They are lighter, have lower rolling resistance, and are more puncture-resistant, making them ideal for both road and off-road cycling. As a result, many manufacturers are now offering tubeless carbon wheels as part of their product lines.

Rising Popularity of Disc Brake Carbon Wheels: Disc brakes have become increasingly popular among cyclists in recent years, as they offer several benefits over traditional rim brakes. They provide better stopping power, especially in wet conditions, and allow for wider tire clearance, improving comfort and handling. As a result, many manufacturers are now offering disc brake carbon wheels as part of their product lines.

Increasing Use of Advanced Manufacturing Technologies: The use of advanced manufacturing technologies, such as carbon fiber layup, resin infusion, and 3D printing, has allowed manufacturers to produce carbon wheels that are lighter, stronger, and more affordable than ever before. This has led to an increase in demand for carbon wheels among both professional and amateur cyclists.

Growing Interest in Sustainable Manufacturing Practices: With the increasing concern over environmental sustainability, many manufacturers are now using sustainable manufacturing practices to produce carbon wheels. This includes the use of recycled materials, such as carbon fiber scrap, and the implementation of energy-efficient production processes.

Expansion into New Markets: With the growing popularity of cycling around the world, many manufacturers are now expanding into new markets, such as Asia, Africa, and Latin America. This has led to an increase in demand for carbon wheels in these regions, as more cyclists are looking for high-performance bicycles to improve their riding experience.

Carbon Wheels Market Driving factors

The following are some of the driving factors for the growth of the carbon wheels market:

Lightweight and High-Performance: Carbon wheels are significantly lighter and stiffer than traditional aluminum wheels. This results in improved acceleration, handling, and overall performance, making them highly desirable for both professional and amateur cyclists.

Durability and Longevity: Carbon fiber is known for its strength and durability, which makes carbon wheels more resistant to impact and wear than traditional wheels. This results in longer-lasting wheels that require less maintenance, making them a cost-effective option for many cyclists.

Improvements in Manufacturing Technologies: Advancements in carbon fiber manufacturing technologies, such as resin infusion and 3D printing, have made it possible to produce carbon wheels that are more affordable and of higher quality than ever before.

Increase in Cycling Popularity: The growing popularity of cycling as a sport and as a means of transportation has led to an increase in demand for high-performance bicycles and components, including carbon wheels.

Shift Towards Disc Brakes: The shift towards disc brakes in the cycling industry has also contributed to the growth of the carbon wheels market. Disc brake carbon wheels offer better stopping power, wider tire clearance, and improved handling, making them a popular choice among cyclists.

Sustainable Manufacturing Practices: The growing concern for environmental sustainability has led many manufacturers to adopt sustainable manufacturing practices, such as using recycled materials and reducing waste, which has made carbon wheels a more eco-friendly option compared to traditional wheels.

Customization Options: Many manufacturers offer customization options for carbon wheels, including spoke count, rim depth, and color options, allowing cyclists to personalize their wheels to their preferences and riding style. This has led to increased demand for carbon wheels among cyclists looking for a personalized and unique riding experience.

Carbon Wheels Market Regional Analysis

The carbon wheels market can be analyzed by geography, with key regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.North America and Europe are mature markets for carbon wheels due to the high demand for high-end bicycles, including road bikes and mountain bikes, in these regions. The increasing popularity of cycling as a means of transportation, especially in urban areas, is also contributing to the growth of the carbon wheels market in these regions.The Asia Pacific region is expected to be the fastest-growing market for carbon wheels due to the rising popularity of cycling as a sport and recreational activity in countries like China, Japan, and South Korea. The region is also witnessing significant investments in cycling infrastructure, such as bike lanes and cycling tracks, which is expected to further fuel the demand for carbon wheels.Latin America and Middle East & Africa are emerging markets for carbon wheels, with growing demand for high-performance bicycles and components, especially among the growing middle class population. However, factors such as low awareness about cycling and limited infrastructure for cycling are some of the challenges faced by the carbon wheels market in these regions.Overall, the carbon wheels market is expected to witness steady growth across all regions due to the increasing popularity of cycling, technological advancements in manufacturing, and the growing demand for high-performance bicycles and components.

Carbon Wheels Market Forecasts 2030 

The carbon wheels market is expected to witness significant growth over the forecast period from 2021 to 2030. The increasing demand for high-performance bicycles, especially in developed regions like North America and Europe, is expected to be a key driver for the market.The global carbon wheels market is expected to grow at a CAGR of 9.96% during the forecast period, reaching a market value of USD 2,065.8 million by 2030.The Asia Pacific region is expected to witness the highest growth during the forecast period, with increasing investments in cycling infrastructure and rising popularity of cycling as a sport and recreational activity. North America and Europe are expected to remain the dominant markets for carbon wheels due to the high demand for high-end bicycles in these regions.In terms of application, the road bikes segment is expected to dominate the market due to the high demand for lightweight and high-performance wheels in road racing and endurance events. The mountain bikes segment is also expected to witness significant growth, driven by the growing popularity of mountain biking as a sport and recreational activity.Overall, the carbon wheels market is expected to witness steady growth over the forecast period, driven by the increasing demand for high-performance bicycles, technological advancements in manufacturing, and the growing popularity of cycling as a means of transportation, sport, and recreation.

Carbon Wheels Market Key Industry Player

Some of the key players in the global carbon wheels market include:

Zipp Speed Weaponry

Mavic

Reynolds Cycling

Enve Composites

Lightweight

HED Cycling

DT Swiss

Fulcrum Wheels

Roval Components

Vision Cycling

These companies are investing in research and development to create innovative and lightweight carbon wheel designs with improved aerodynamics and durability. They are also focusing on expanding their distribution networks and forming partnerships with cycling teams and events to increase their brand visibility and market share.